Author: NBTC
Ethereum (ETH) is riding a wave of institutional demand and protocol upgrades, with nearly $1 billion in inflows to ETH investment products last week, according to CoinShares. However, technical warning signs and ecosystem concentration are tempering short-term enthusiasm. Accordingly, artificial intelligence (AI) predicts that ETH is likely to remain in the neutral-to-bullish phase in the coming months, with a potential for a $4,000 price. Will Ethereum hit $4,000? To see when Ethereum might hit $4,000, Finbold consulted OpenAI’s ChatGPT, which estimated that the number could be reached sometime in early September 2025 in the most bullish scenario. While Ethereum has…
Publicly traded social media marketing tech company Thumzup is exploring expanding its corporate treasury holdings beyond Bitcoin, considering whether to add other leading cryptocurrencies like Dogecoin (DOGE), Solana (SOL), the Ripple-linked XRP, and Ethereum (ETH). The Los Angeles-based firm received approval from its board on Wednesday to begin evaluating the potential upside of adding at least six additional digital assets to its corporate treasury: Dogecoin, Litecoin, Solana, XRP, Ethereum, and the USDC stablecoin. The tokens would be purchased using some of the proceeds from Thumzup’s $6.5 million raise, which was completed earlier this week. In a press release Wednesday, the…
Shytoshi Kusama, the lead developer of the Shiba Inu ecosystem, suggests that revenue, rather than utility, guarantees the success of a crypto project. Kusama made the assertion in response to a bold claim from market commentator Luis Delgado, popularly known as Del Crxpto within the SHIB community. In a message Delgado tagged as ‘reality check,’ he asserted that everyone wrongly believed that a crypto project’s success hinges on its utility. However, he dismissed this narrative. He claimed that revenue is all that matters when ascertaining the success of a crypto project, just like every other business. Kusama Agrees Kusama affirmed…
US President Donald Trump asked whether he should fire Fed Chair Jerome Powell during a private meeting with Republican House members at the White House last night. Many in the room supported the idea, according to people with direct knowledge of the meeting. Some attendees said Trump gave the clear impression he would do it. Trump’s statement came just after House Republicans blocked a vote that would have advanced cryptocurrency legislation. While the fate of the bill, which the president championed, remains uncertain, his comments about Powell have heightened political tensions in Washington. Federal law states that a Fed chair…
HTX, the Justin Sun-advised cryptocurrency exchange, has cycled hundreds of millions of dollars worth of Tether (USDT) out of and into the Aave lending platform over the last week. It’s not clear why HTX is engaging in these transactions, but they’ve caused substantial volatility in Aave’s USDT lending rates. HTX transaction timeline 0x18709E89BD403F470088aBDAcEbE86CC60dda12e (0x18709) is an address labeled as “Huobi: Recovery” on Etherscan and is where HTX received funds after a hack. 0x18709 is a frequently used address that interacts with a variety of decentralized finance (DeFi) protocols, including Aave, Uniswap, Justin Sun-advised Wrapped Bitcoin, and more. 7 days ago…
Anoma, a decentralized OS for Web3, has formally released the initial launch of its testnet, featuring its intent-driven architecture. This initiative aims to simplify and standardize the decentralized applications in various blockchain networks. As a decentralized operating system (OS) of Web3, Anoma provides a platform that abstracts other infrastructure and streamlines multi-chain development. The testnet will test the capabilities of creating applications that cross chains by using user-defined intents instead of conventional transactions. The testnet will provide developers and users with a pragmatic taste of the intent-driven system of Anoma. What’s more, now applications will no longer be limited with…
Today, the Liquid Federation has announced that the Liquid Network has surpassed $3.27 billion in total value locked (TVL), according to a press release shared with Bitcoin Magazine. “Surpassing the $3 billion threshold marks a pivotal moment for both Liquid and Bitcoin, signaling the evolution of Bitcoinʼs ecosystem into a full-fledged platform for global financial markets,” said the CEO and Co-Founder of Blockstream Dr. Adam Back. “As Bitcoin gains mainstream acceptance, and demand for regulated asset tokenization accelerates, Liquid is better positioned than ever to bridge Bitcoin with traditional finance and drive the next wave of capital markets innovation.” The…
Ethereum is emerging as a top contender for stablecoin-based investors as the Bank of America launches new weekly research for digital assets. Matthew Sigel, the head of digital asset research at VanEck, shared a new development in digital assets involving Bank of America (BofA), one of America’s leading banks. Amid a growing institutional interest in cryptocurrencies, BofA has launched a new weekly “On Chain” report, aiming to expose the areas of the rapidly evolving digital asset industry. First Call: Bullish Ethereum Ethereum, the largest altcoin by market cap, is not in its element yet this cycle, but was the first…
US President Donald Trump has announced a 50% tariff on Brazilian imports, escalating tensions after a week of diplomatic strain. The new tariff will take effect on August 1. The announcement came through Trump’s social media channels in a formal letter addressed to Brazilian President Luiz Inácio Lula da Silva. In the letter, Trump cited “unfair trade practices” by Brazil and criticized the Brazilian Supreme Court’s handling of former President Jair Bolsonaro. He currently faces trial for inciting an anti-democratic coup attempt. That event led to the January 8, 2025, storming of the Planalto presidential palace in Brasília. Tensions between…
XRP advocates continue to promote the asset as one of the greatest financial investments of all time, one that no one should miss out on today. In a tweet, XRP community influencer Coach JV described Ripple as a revolutionary force in the global finance industry. According to him, XRP is not another crypto asset vying for attention but the foundation of a new financial system that is already unfolding. Ripple Replacing the Banking System As a result, Coach JV declared that XRP is the most disruptive financial technology of our lifetime. He stressed that Ripple isn’t merely competing with the…